Jinduicheng Molybdenum increase supplies of molybdenum in Japan

The Chinese company Jinduicheng Molybdenum, the third largest in the world production of molybdenum, will sell more metal directly in the Japanese market.

This is due to the intention of rapidly growing demand for molybdenum for the production of hybrid cars and other industries in Japan.

As reported by Japan Metal, in August 2009 in Xian (Shaanxi Province), the company's new plant was built. Because the expense of new production capacities of the metal molybdenum has grown by 50%, Jinduicheng Molybdenum Company expects to increase supplies to Japan and a year to sell in the local market for more than 1000 tonnes of metal.